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Office Unit with Open Workspace
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1017 W Park Avenue, Libertyville, IL 60048

Commercial Lease, Libertyville, IL

Space SizeContact for details
Lot Size0.10 Acres
Days on Market57

Property Features for 1017 W Park Avenue

General Information

Property type Commercial Lease
Property subtype Office
Zoning OFFIC
Directions RT. 176 (PARK AVE.) WEST TO UNIT
Subdivision Green Oaks / Libertyville
Standard status Active
APN 11202060230000
Lot size 0.10 Acres

Utilities

Utilities Natural Gas Available
Cooling system Central Air

Building Details

Year built 1995
Floors in Building 1
Number of units 2
Building materials Brick
Roof type Shake
Listing Agency: RE/MAX Top Performers · RE/MAX International
Listed By: Jane Lee · License #471004433
Added: Jul 30 Changed: Aug 20 Last Checked: Sep 24 at 7:06PM
MLS# 12717872

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Unit 1017, Suite B offers a flexible office layout with an open work area, reception space, and a private office. The suite is located within a brick office building constructed in 1995 and includes central air conditioning. The property is zoned OFFIC and has natural gas available.

Positioned just off the main road in a Libertyville business park, the building is near downtown and major thoroughfares. Ample parking is available for occupants and visitors. The lease includes water, electric, and heat, providing a straightforward occupancy arrangement for a collaborative workplace or satellite office.

Key Highlights

  • Unit 1017, Suite B with open office area, reception, and private office
  • Water, electric, and heat included with the lease
  • Brick office building constructed in 1995

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Big Box & Wholesale Store Pharmacy Hotel & Motel (Bike/Boat/Book/etc) Store Auto Parts Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access
Yes
Utilities to site
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

789
Businesses Nearby

Demographics for 60048, IL

29,353
Population
10,826
Households
2.7
Avg Household Size
44
Median Age
71%
College-Educated
98%
High-School Grad
28.4 sq mi
ZIP Area
1,034
Density / Sq Mi
$169,283
Median Household Income
$83,333
Median Earnings
$1,569
Median Rent
$535,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Libertyville, IL

$15.81 /SF/Yr
Avg Asking Price
$7.25–$24 /SF/Yr
Price Range
2,480 SF
Avg Space Size

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Office suite with reception area, private office, and water, electric, and heat included.
Where is this office units located?
The property is located at 1017 W Park Avenue Libertyville, IL.
What are key features of this property?
This property features: Unit 1017, Suite B with open office area, reception, and private office; Water, electric, and heat included with the lease; Brick office building constructed in 1995
More about this property
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